USDCAD moved sideways in a trading range between 1.0707 and 1.0794. As long as 1.0707 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0619, another rise to 1.0850 area is still possible. On the downside, a breakdown below 1.0707 support will signal completion of the uptrend, then the following downward movement could bring price to 1.0500 zone.
